4 Units in West San Jose 922 Leigh Ave Immeuble residentiel 4 lots 1 619 731 € (404 933 €/Lot) Taux de capitalisation 4,09 % San Jose, CA 95128

This fourplex in West San Jose boasts an excellent unit mix
consisting of large units as follows: (1) 3BD/2BA unit with a
fireplace (~1,250 SF) and (3) 2BD/1BA units (~ 850 SF). There
are six covered parking spaces (tuck-under parking) and 3
additional on-site spaces. There is also an onsite laundry
facility with equipment leased from Coinmach.
Unit 1, the 3BD/2BA, was remodeled within the last five years,
including the kitchen (counters, cabinets, appliances),
bathroom, flooring and paint. Units 2&4 were remodeled in
the last 10 years. All units have dishwashers, air conditioners
and radiant wall heating systems. The building has been well-
maintained over the years. Unit rents are close to market rate.
Current Gross Scheduled Income is $125,328 which includes
$94/month in laundry income. All four units are fully rented
at near market rate with no delinquencies. There is some
upside potential in the rents because the property is located
in West San Jose, a desirable rental location that is close to
shopping, large employers, commuter routes and schools.
Constructed in 1977 on an 10,750 SF lot, the 3,802 SF building
was built on a concrete perimeter with stucco over wood-
frame construction. The building has copper plumbing and
the roof is pitched composition shingle. All units are
individually metered for gas and electric. The owner pays
water/sewer, trash removal, common area utilities,
landscaping, repairs, taxes and insurance.
As are all 3+ unit multifamily properties located in San Jose,
the building is subject to the City of San Jose's Apartment
Rental and Tenant Protection Ordinance.